1. Select the appropriate type of reference to be used for the following scenario: ‘On 23rd june 2016, Ruchi enterprises received 43,000 from Anju traders for a sale to be made in future with an approximate value of 55,000’.

2. If the reference number is same for two different sales transactions made to the same party, there will be only one pending bill shown in outstanding with the total amount.

3. If the credit period is not specified, then the due date is—–.

4. In Tally ERP 9, we can calculate interest in simple interest method.

5. ABC traders received 10,000 in advance (Reference no. A-1-15-16) from Mr. Suresh and made a sale of 45,000 with reference number S-1-15-16. Upon receiving 35,000 from Mr. Suresh to close the bill, ABC traders will have to select both the references: A-1-15-16 and S-1-15-16.

6. Where will opening balance difference be reported in Tally ERP 9?

7. We can use Debit/Credit note for purchase and sales return transactions in Tally ERP 9.

8. The ledger vouchers report for Mr. Amjad Khan shows the following transactions in the books of accounts of Gurmeet traders as on 15th june 2016:
Date – Particular – Reference – Amount
5th april 2016 – Cash – Adv/1 – 90,000 Cr
10th april 2016 – Sales – Sale/1 – 60,000 Dr
14th june 2016 – Sales – Sale/2 – 25,000 Dr
What is the net payable amount to Mr. Amjad khan as on 15th june 2016 based on the above details?
Date – Particular – Reference – Amount
5th april 2016 – Cash – Adv/1 – 90,000 Cr
10th april 2016 – Sales – Sale/1 – 60,000 Dr
14th june 2016 – Sales – Sale/2 – 25,000 Dr

9. How many pre-defined groups are there in Tally ERP 9?

10. In Tally ERP 9, cost centres will not affect the books of accounts.

11. Select the correct match for the following:
1. Raw materials
2. Work in progress
3. Finished goods
4. Co product
a. Product which is produced along with main product.
b. Ready to use in production
c. Stocks of unfinished goods in production
d. Product which is ready for sale.

12. Stock groups are similar to accounting groups and are mandatory to create items in Tally ERP 9.

13. On 1st april 2016, Dinesh&Sons sold goods to Mahesh Kumar&Sons @20,000. On 2nd april 2016, Mahesh Kumar&Sons returned goods to Dinesh&Sons worth 2,000. In Tally ERP 9, which voucher should be used to record the goods return entry in the books of Mahesh Kumar&Sons?

14. The —– report displays the masters created and the number of vouchers types entered in Tally ERP 9.

15. On 1st april 2016, Sujit Kumar purchased goods from Raghu Raj for 10,000. On 2nd april 2016, Sujit Kumar paid 8,500 through cash.
Considering this transaction as a full & final settlement, which entry should be appropriate for payment transaction in the books of Sujit Kumar?

16. If the cash is showing debit balance in balance sheet then it is showing positive figures.

17. There are two seprate 32bit and 64bit setup.exe files to install Tally ERP 9.

18. Krishna traders purchased furniture for his official purpose from Aruna&Co. This entry can be passed through a journal voucher.

19. In Tally ERP 9, ‘Use for POS invoicing’ option will apear in which of the following voucher type:

20. Which of these ledgers are avalible by default in Tally ERP 9?

21. Once after downloading the Tally installers file from the Tally website, the installer file name will be saved as —–.

22. You can configure Tally ERP 9 to prompt you with a —– when the cash ledger reaches a negative balance.

23. How many maximum decimal places done Tally ERP 9 allow while creating a ‘Unit of measure’?

24. Job work analysis report in Tally ERP 9 is the project-wise statement of profit gained or loss incurred.

25. Purchase order and sales order voucher transaction will affect stock summary report in Tally ERP 9.

26. Any money received by a business concern, from sales or any other source capital introduced by owners are considered as —–.

27. Mr. Radheshyam’s payables to Ajanta Traders look like the following:
Reference – amount – date
Pur/001 – 50,000 – 10th june 2016
Pur/002/ – 35,000 – 14th june 2016
Pur/003 – 25,000 – 19th june 2016
The credit period provided to him is 15 days and interest is levied at 10% post that. If he has 60,000 with him and today’s date is 25th june 2016, which bill should he close first to minimise the penalty?

28. How many inventory masters have registrations on deletion in Tally ERP 9?

29. How will you enter the opening balance in Cash account & Profit & loss account in Tally ERP 9?

30. In Tally ERP 9, the ledger for ‘Land & Building’ will be created under which group?

31. Proprietor introduced capital into the business” from which voucher can we pass this transaction in Tally ERP 9?

32. Goods returned against purchase invouce’ this entry is recorded using —– voucher in Tally ERP 9.

33. Compound interest is the interest which is calculated on principle amount and accumulated interest of the loans or deposits.

34. In Tally ERP 9, effective date for vouchers can be enabled from which of the following masters:

35. What are the four methods of adjustments available under bill wise details screen?

36. In Tally ERP 9, the user can print reminder letter to the customers for the outstanding receivables.

37. Select the appropriate type of reference to be used for the following scenario: “On 3rd april 2016, M/s Avanti made a scale of 50,000 on credit to Chandrika enterprises.”

38. Bank reconciliation is a statement where the mismatch between the cash book will be identified.

39. Tally ERP 9 silver edition is a —– license.

40. In Tally ERP 9, while creating the stock item, in which scenario will the cursor skip the ‘Quantity’ field of opening balance.

41. It is not possible to create cost centers without creating cost categories are mandatory to be created in Tally ERP 9.

42. A payment was made through cheque on 1st april 2016 but it was cleared on 10th april 2016. It is possible to reconcile this transaction.

43. Select the correct match for the following:
1. Stock item name
2. Simple unit of measure
3. Compound unit of measure
4. Stock category
a. Used for Parallel classification
b. Numbers
c. Samsung 32 inches LED tv
d. Dozens of 12 numbers

44. On 5th april 2016, Maheshwer traders made a sale of 50,350 to Kamal enterprises and generated a reference number as sale/001. On 7th april 2016, they received 35,000 from Kamal enterprises against sale/001. The pending amount against sale/001 in the ledger outstanding report will be shows as—–.

45. In Tally ERP 9, voucher types cannot be created from stock group creation screen.

46. How many particular are entered after selecting ‘Create to get unit creation’ screen in Tally ERP 9?

47. What is purpose of stock journal voucher in Tally ERP 9?

48. Ritesh kumar withdrew computer from his business for personal use. Computer is a trading goods of his business. In which voucher we can pass above transaction?

49. In Tally ERP 9, features like —– can be modified even if they have been used.

50. Transactions recorded in Delivery note voucher affects inventory and accounting books in Tally ERP 9?

51. Select the correct match for the following:
1. Voucher class
2. Debit/Credit note
3. Depreciation/Bad debts
4. Owner’s withdrawal for personal expenses
a. Drawing A/c
b. Journal voucher
c. Goods returns
d. Customization of voucher (Automates the ledger etc while recording the transaction)

52. On selecting —– as interest style in Tally ERP 9, interest will be calculated by the number of days in the year as per the calendar.

53. In Tally ERP 9, expenses can be allocated to multiple cost centers.

54. In Tally ERP 9, vouchers can be created from the ‘Bank Reconcilation’ screen for the transactions that appear in the field ‘Amounts not reflected in the company books’.

55. which of the following voucher numbering method has to be selected to auto number the vouchers in Tally ERP 9.

56. Which method of adjustment is selected when a lump sum amount is paid without reference details?

57. Which of the following ‘Primary Groups’ that are provided in Tally ERP 9 does not appear in Profit & Loss Aaccount?

58. In Tally ERP 9 ‘Cost Categories’ are used when the organisation has to allocate resources to parallel sets of cost centers.

59. _______ is created for classification of Stock Items in Tally ERP 9?

60. The _________ report displays the details of the receivables from all parties both against bills and On Accounts entries.

61. Once after downloading the Tally installer file from the Tally website, the installer file name will be saved as _________ .

62. Interest payable report in Tally ERP 9, displays the details of interest receivable by the company.

63. How will you enter the opening balance in Cash Account & Profit & Loss account in Tally.ERP.9?

64. The _______ Report displays the count of each voucher type used for recording transaction in Tally.ERP.9.

65. Debit notes enabled with voucher class for interest accounting are used to bring the interest receivable amount in the books of accounts in Tally ERP 9.

66. How many maximum decimal places does Tally ERP 9 allow while creating a ‘Unit of measure’?

67. On 1st April 2016, Pradeep purchased goods from Raghu for 15,000. On 10th April 2016, Pradeep paid 9,500 through cash. Considering this transaction as a full & final settlement, Which entry should be appropriate for payment transaction in the books of Pradeep?

68. The ________ report displays the Masters Created and the number of vouchers types entered in Tally ERP 9.

69. From the existing installer file, we can check the latest releases of Tally.ERP.9.

70. In Tally.ERP.9, expenses can be allocated to multiple cost centers.

71. In Tally.ERP.9, Interest Calculation parameters can be overriden (modified) during voucher entry.

72. To print the company logo on invoice, the user need to enabled and upload logo in PNG Format from Accounting Features in Tally.ERP.9.

73. Select the appropriate type of reference to be used for the following scenario: “A Mahesh trader owes 90,000 to M/s Agrawal and Sons for two purchase worth 35,000 and 55,000 made respectively on 3rd and 15th april 2016. On 17th april 2016 M/s Agrawal and sons received 20,000 from Mahesh traders without any instructions.

74. In the installation process, the field ‘ existing Tally.ERP.9 folder path’ is shown. We can change it to a different folder path if required.

75. In Tally.ERP.9, we cannot calculate interest in compound interest method.

76. __________ is created for classification of Stock Items in Tally.ERP.9?

77. While recording transactions in a cash book, the credit side is the receipt side, used for recording the cash receipts.

78. Which of the following ‘Primary Group’ that are provided in Tally.ERP.9 does not appear in Profit & Loss Account?

79. In Tally.ERP.9, features like ___________ one set to yes, cannot be modified if the features has been used.

80. Select the appropriate type of reference to be used for the following scenario: ” On 16th june 2016, M/s Avanti paid off the pending bill of 35,000 for the purchase made on 15th june 2016 to kishori enterprises”.

81. It is not possible to track ‘Advance payments’ in Tally ERP 9.

82. To know the individual expenses incurred by the salesmen and to know the revenue generated by them individually, __________ Feature in Tally ERP 9 can be used.

83. To record cash withdrawal from bank for personal use, entry should be passed through ___________ .

84. Job work analysis report in Tally ERP 9 is the project- wise statement of profit incurred or loss gained.

85. Pradeep has unreconciled bank balance of last financial year in has books of accounts and the same can be reconciled in the current financial year.

86. The Job Work Analysis report in Tally.ERP.9 display the details of only single job in a single report.

87. If sold goods are rejected entry will be passed from __________ .

88. We can not pass accounting adjustment entry through journal voucher in Tally.ERP.9.

89. A ‘Chart of Accounts’ is a list that depicts the accounts that a business uses to record transactions in its books of accounts.

90. Select the correct match for the following:
1. Capital introduced In business through cash
2. Outstanding Expenses paid
3. Cash deposited into bank
4. Goods returned by customer
A. Payment Voucher
B. Receipt Voucher
C. Credit Note
D. Contra Voucher

91. In Tally ERP9, vouchers can be created from the ‘Bank Reconciliation’ screen, for the transactions that appear in the field ‘Amounts not reflected in the company books.

92. In Tally ERP 9, the ledger for Office Furniture will be created under the ‘Fixed Assets’ group.

93. In Tally ERP 9, on selecting the voucher numbering method as manual, select the reason as why the cursor will skip from prevent duplicates option.

94. To record cash withdrawal from bank for personal use, entry should be passed through—–.

95. You can configure Tally ERP 9 to prompt you with a —– when the Cash ledger reaches a negative balance.

96. —– voucher is reffered to as adjustment entries.

97. ANI Enterprises incurred expenses approximately 1,50,000 against purchase of stationaries for the financial year 2017-2018. The owner tried to find out which department has contributed maximum to the cost but failed to do so because of inadequate data. Cose centre features in Tally ERP 9 will help the owner in this scenario.

98. MYM Enterprises incurred expenses approximately 10,50,000 against of stationaries for the financial year 2018-2019. The owner tried to find out which department has contributed maximum to the cost but failed to do so because of inadequate data. —– feature in Tally ERP 9 will help the owner in this scenario.

99. Once the ledger is created in Tally ERP 9 but no entries have been passed using the same: (1) It is note possible to alter the name of the ledger (2) It is not possible to delete the ledge. Now, which of the following options is correct?

100. What is the function of Credit Days provided to a customer?

101. In Tally ERP 9, interest can be calculated on outstanding balances of any ledger accounts.

102. In Tally ERP 9, it is not possible to disable the voucher numbering for any voucher type.

103. The profit and loss account ledger is grouped under —–.

104. Credit notes enable with voucher class for interest accounting are used to bring the interest payable amount in the books of account in Tally ERP 9.

105. Interest Receivable report in Tally ERP 9, displays the details of interest receivable by the company.

106. Selecting ‘on account’ as method of adjustment is equivalent to auto selection of bills while making payment or receipt entries in Tally ERP 9.

107. In Tally ERP 9 which of the following is not a method of voucher numbering?

108. Cost centres cannot be used and enabled for Stock Items in Tally ERP 9.

109. Which of the following ledger accounts provide ‘ Bill-wise details’ in Tally ERP 9?

110. —– voucher can be created to generate invoices with or without inventorirs in Tally ERP 9.

111. In Tally ERP 9, Units of Measure can either be simple or —–.

112. In Tally ERP 9, the interest can be calculated on the outstanding bills/invoices/transactions.

113. Cost centre classes are used to automate cost centre allocations while recording the transactions in Tally ERP 9.

114. Debit notes enabled with voucher class for interest accounting are used to bring the interest payable amount in the books of accounts in Tally ERP 9.

115. The Contra Voucher can be recorded using —– in Tally ERP 9.

116. Interest Receivable report in Tally ERP 9, displays the details of interest receivable by the company.

117. In which voucher can we pass ‘Interest charged to party/transaction in Tally ERP 9?

118. —– Advance parameter in Tally ERP 9 allows us to choose the calculation of interest on debit balances, credit balances or all balance.

119. To know the individual expenses incurred by the salesmen and to know the revenue generated by them individually, Cost Centre feature in Tally ERP 9 can be used.

120. Interest payable report in Tally, displays the details of interest payable by the company to its supplier or vendor.

121. If a sales bill is erroneously raised for 12,160, instead of 11,620 what should be done?

122. Select the correct match for the following:
1. Voucher Class
2. Debit/Credit note
3. Depreciation/Bad debts
4. Owner’s withdrawal for personal expenses
a. Drawing A/c
b. Journal Voucher
c. Goods returns
d. Customization of voucher (Automates the ledgers etc while recording the transaction)

123. On selecting —– as interest style in Tally ERP 9, interest will be calculated assuming 30 days in a month.

124. In Tally ERP 9, to account the simple and compound interest, two separate voucher class has to be created.

125. Bad debts entry can be passed through —– in Tally ERP 9.

126. Match the following transactions with the respective books:
1. All cash purchases are recorded
2. All credit notes are recorded
3. Purchases of all raw materials for the business
4. Returns to suppliers
a. Purchase Returns book
b. Cash book
c. Purchase book
d. Sales Returns book

127. Select the correct match for the following:
1. Method of adjustment to select when unable to mark a payment of a receipt against specific pending references.
2. Number of days allowed for a receiving a due.
3. Report to analyse bills classified based on number of days due.
4. Method of adjustment to be used to track an existing transaction.
a. Credit days
b. Age wise analysis
c. Against reference
d. On account

128. Cost centres can be used and enabled for Stock Items in Tally ERP 9.

129. In Tally ERP 9, Stock Items can also be created from ‘Stock group’ creation screen.

130. In which voucher can we pass ‘interest charged to party’ transaction in Tally ERP 9?

131. In Tally ERP 9, to account the simple and compound interest two seprate voucher class has to be created.

132. A —– entry is a transction involving transfer of cash between one Cash A/c to another bank A/c in Tally ERP 9.

133. Following are transaction in the books of M/s Ashish co.:
1. On 1st April 2016 sold goods worth 50,000 to Mr. Kamlesh 3,000 charged as transport expenses.
2. On 2nd April 2016 sold goods worth 60,000 to Mr. Kamlesh 4,000 charged as transport expenses discount of 5% provided on the sale value before transport expenses.
3. On 3rd April 2016 Mr. Kamlesh paid 10,000 to M/s Ashish co.
What is the net receivable amount from Mr. Kamlesh as on 4th April 2016?

134. The Contra Voucher can be recorded using —– in Tally ERP 9.

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136. Select the incorrect statement from the following statement for voucher type creation in Tally.ERP.9.

137. Which ledger accounts is entered while using single mode voucher entry in Tally.ERP.9?

138. Cost center classes are used to automate cost center allocations while recording the transaction in Tally.ERP.9.

139. In Tally.ERP.9 Sundry Debtors and Sundry Creditors ledgers are supported by bill-wise details.

140. If Stock items __________ rates are defiend, rates will be automatically picked up during voucher entry in Tally.ERP.9.

141. In Tally.ERP.9, Cost cetegories are used when the organisation has to allocate resources to parallel sets of cost centers.

142. On selecting Calendar month as interest style in Tally.ERP.9 interest will be calculated by the number of days in the year as per the calendar.

143. In which voucher can we pass interest charged to party transaction in Tally.ERP.9?

144. Which method of adjustment is selected when it is not possible to mark a payment or receipt against specific pending reference?

145. Any money received by a business concern from sales or any other source capital introduced by owner are considered as_______.

146. In Tally.ERP.9 Stock Items can also be created from ‘Stock Group’ creation screen.

147. _________ can be provided as a rebate to the customer in the invoice.

148. To keep a track of expenses incurred by each department and profit earned by each department ________ feature of Tally.ERP.9 is used.

149. A Payment was made through cheque on 1t April 2016 but it was cleared on 10th April 2016. It is possible to reconcile this transaction.

150. In Tally.ERP.9, voucher types cannot be created from stock group creation screen.

151. In Tally.ERP.9, the ledger for Bank A/c will be created under which of the following groups?

152. The _________ report displays the details of the bills wise and On account transactions for which the amount is pending from the selected party.

153. In Tally.ERP.9, while creating the stock item in which secnario will the cursor skip the Quantity field of opening balance.

154. It is possible to reconcile the amounts which are not accounted in company books but appear in bank account of company.

155. Which ledger account is entered while using single mode voucher entry in Tally.ERP.9?

156. In Tally.ERP.9 we have an option to do Manual or Automatic Bank Reconciliation’.

157. Contra Payment, Receipt Journal are the Pure Accounting Voucher’ in Tally.ERP.9.

158. The Contra voucher can be recorded using __________ in Tally.ERP.9.

159. In Tally.ERP.9 the interest can be calculated on the outstanding bill/ invoice/ transactions.

160. On selecting the advance interest parameter as Applicablility Tally.ERP.9 will allow us to choose the period for which into a particular transaction.

161. We can pass expenses entry through purchase voucher in Tally.ERP.9.

162. In Tally.ERP.9 a single stock group can be deleted from the Multiple stock group alteration screen.

163. __________ method is called as interest on interest.

164. What is purpose of a Stock Journal Voucher in Tally.ERP.9?

165. Debit notes enabled with voucher class for interest accounting are used to bring the interest payable amount in the books of accounts in Tally.ERP.9.

166. Select the correct match for the following:
1. Owners capital
2. Salary paid
3. Cash deposited into bank
4. Goods returned to Supplier
A. Payment voucher
B. Receipt voucher
C. Debit Note
D. Contra Voucher

167. It is not possible to create cost centers without creating cost categories and cost categories are mandatory to be created in Tally.ERP.9.

168. In Tally.ERP.9, effective dates for vouchers can be enabled from which of the following masters:

169. In Tally.ERP.9, if the stock groups are not created, then by default under which group does the stock items gets created?

170. In Tally.ERP.9, Auto Bank Reconciliation can be activated in which of the following ledger?

171. Proprietor introduced capital into the business from which voucher can we pass this transaction in Tally.ERP.9?

172. Age-wise analysis report can be seen based on both the due date and the bill date.

173. The stock groups cannot be deleted in Tally.ERP.9 in which of the following scenario?

174. In Tally.ERP.9, features like __________ can be modified even if they have been used.

175. Stock groups are similar to accounting groups and are mandatory to create stock item in Tally.ERP.9.

176. The job work analysis report in Tally.ERP.9 displays the details of multiple jobs in a single report.

177. Customer ledger is group under _________ account.

178. How many particulars are entered after selecting Create to get unit creation screen in Tally.ERP.9?

179. If the cash showing debit balance in balance sheet then it is showing a positive figures.

180. Interest payable report in Tally ERP 9, displays the details of interest payable by the Co. to its supplier or vendor.

181. Which of these ledgers are available by default in Tally.ERP.9?

182. In tally.ERP.9 mark a voucher Optional when it is an incomplete transaction and you do not want it to affect the ___________.